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5503 Martel Avenue, Dallas, TX 75206

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For Sale

$995,000

5 beds • 3 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

  • Fireplace
    Heating System

  • Fireplace
    Fireplace

Explore this Property

Back on market due to buyers financing falling through. Fully leased all 3 units! $6575 monthly gross rent. 1940s Austin Stone TRIPLEX, situated on a .21 acre corner lot, is an exceptional find. Located within walking distance to SMU, Mockingbird Station, and Glencoe Park, this property is 100% occupied and has undergone extensive updates throughout. Features include hardwood floors, granite countertops, fresh bright interior paint. All HVAC systems updated within the last 8 years, with one being brand new. Roof replaced in 2021. A 2-car garage, an additional 2-car carport, a full sprinkler system, and a fenced backyard for each unit with outdoor access. There is shared storage and a laundry room for two units, while one unit has its own washer and dryer. Don't miss this outstanding investment opportunity! All 3 units are long term tenants with renewed leases ending May 30, 2025.
MLS# 20674497

Courtesy Of BK Real Estate LLC, Listed By Peter Mester

(972) 514-6501

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick, Stone, Stone Veneer
  • Fireplace
    Fireplace
  • Floor Covering
    Tile, Wood
  • Heating System
    Central Furnace, Fireplace
  • Lot Size
    0.21 Acres

Map and Directions

Directions to 5503 Martel Avenue, Dallas, TX 75206

Home seller CENTURY 21 Mike Bowman, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Mike Bowman, Inc.

(817) 354-7653
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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